CORPORATE
CORPORATE DISPUTES
Glenmark in patent challenge over cholesterol drug
Schering Corp and MSP Singapore file suit against exclusivity claim
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NEW BUSINESS
ABG Shipyard bags Rs 60-cr order from Cyprus
ABG Shipyard has received an order for construction of one APS 100-tonne tug at a price of $13.50 million (Rs 60 crore) from Lamnalco Ltd, Cyprus. The vessel will be delivered to Lamnalco by May 2009. As of date ABG Shipyard has delivered six ...
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MERGERS & ACQUISITIONS
Rain Commodities opts out of acquisition race
Rain Commodities Ltd (RCL) has opted out of the race to acquire assets of Great Lakes Carbon Income Fund, Canada in the wake of a higher bid price from Oxbow Carbon & Minerals Holdings Inc. Oxbow came up with a proposal of Canadian $14.00 per ...
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NEW PROJECTS
Fortis launches boutique hospital for women
Fortis Healthcare launched its first `La Femme' a boutique hospital for women. The 50-bed, Rs 30-crore hospital that Fortis will manage for Sunrise Medicare, will offer obstetrics, gynaecology, neonatal care and even cosmetic surgery. "It's a ...
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ACC investing Rs 4,000 cr for capacity expansion
Grinding capacity of TN, Orissa plants will be augmented by next year
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Hind Semiconductor plans 2 manufacturing units
Infineon to license tech for integrated chips
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Komatsu sets up Rs 50-cr unit near Chennai
Komatsu India Pvt Ltd, a wholly-owned subsidiary of Komatsu Ltd of Japan, has set up a Rs 50-crore plant for producing off highway dump trucks, at Oragadam, near Chennai. The plant was inaugurated today by the Mr M.K. Stalin, Minister for ...
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BMW sees India as major growth market
German auto major BMW would be investing more than Rs 1,000 crore for its Indian operation in the short run and sees India as a major growth market, particularly in the high-end car segment. The Global Chairman of BMW, Mr Nobert Reithofer, on ...
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OVERSEAS INVESTMENTS
Overseas projects: ONGC plans exploration services subsidiary
To improve production efficiency, check flight of human capital
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REGULATORY BODIES & RULINGS
USFDA nod for Strides' AIDS drug
Strides Arcolab has said it has received tentative USFDA approval for yet another anti-AIDS drug — Efavirenz tablets. The approval comes under the expedited review provisions of the US President's Emergency Plan for AIDS Relief ...
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ALLIANCES & JOINT VENTURES
Nestle, Coke reach accord for beverages
Nestlé and The Coca-Cola Company today announced that they have reached a final agreement on refocusing the activities of their Beverage Partners Worldwide (BPW) joint venture. The agreement, which is subject to certain regulatory approvals and ...
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OUTLOOK
RINL pact with Steel Ministry
Rashtriya Ispat Nigam Ltd (Visakhapatnam Steel Plant) and the Union Ministry of Steel have signed a Memorandum of Understanding (MoU) for 2007-2008, according to which the plant would produce 4.10 million tonnes of hot metal, ...
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Mir Realtors plans township
Mir Realtors is setting up a township in the State capital, which is its second such project in Kerala. Styled `Greens', the township will be spread over 11 acres at Karakulam near Peroorkada in the city. It will feature 360 dwelling units, ...
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PERFORMANCE
The quarterly conundrum
While quarterly earnings announcements are useful in monitoring the performance of the companies, the media and the analysts need not play up the event.
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PEOPLE
J.M. Trivedi is new chief of Actis India
Mr Donald Peck, who built private equity firm Actis' business in India, will assume new responsibilities across Actis worldwide in the second quarter of this year. Mr J.M. Trivedi, Actis Partner in Mumbai, will succeed Mr Peck and run Actis' ...
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